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PreMarket Trading: Risk Off Sentiment

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WORLD HEADLINES – A global equities selloff deepened and Mexico’s peso weakened as polls indicated a tightening race ahead of next week’s American presidential election. The yen gained with the Swiss franc and gold as investors favored haven assets.

STOCKS – Futures on the S&P 500 Index fell 0.3 percent ahead of the Fed decision and results from companies including Alibaba Group Holding Ltd. and Facebook Inc.

BONDS – Safe-haven demand boosted sovereign bonds, with 10-year yields falling across most of the developed world.

COMMODITIES – Crude oil fell to a one-month low after industry data showed American inventories increased by 9.3 million barrels last week. Gold added gains, after surging 0.9 percent on Tuesday.

CURRENCIES – The yen climbed 0.5 percent against the dollar, after surging 0.6 percent in the last session. The franc also added 0.5 percent following a 1.4 percent jump that marked its biggest gain in about five months.

ECONOMIC DATA – US ADP Non-Farm Employment Change at 8:15, Crude Oil Inventories at 10:30, FOMC Statement at 14:00, AUD Trade Balance 20:30 ET.

 
 
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